CDP: water a substantial risk to ASX100 companies

More than two thirds of 22 ASX100 water-sensitive companies responding to a Carbon Disclosure Project (CDP) request for disclosure on water management identify water as a substantial risk to business, but only 55% report board-level oversight of water-related policies, strategies or plans.

Marcus Norton

The CDP sent its Water Disclosure questionnaire to 54 companies in the ASX100, while also sending questionnaires to peers in the FTSE Global Equity Index Series (Global500) and the Johannesburg Stock Exchange (JSE). According to the CDP report, Shining the light on corporate water performance, 59% of ASX 100 respondents identify exposure to water-related risks in their direct operations, as compared to 55% of Global 500 respondents and 85% of JSE 100 companies that report exposure to similar risks.

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